In a March 28 Compliance Reporter article titled “Signs of potential change as SEC fund-of-funds proposal draws firestorm of criticism” asset management counsel Ed Baer discusses the SEC’s proposed fund-of-funds rule, which includes a provision setting redemption limits for acquiring funds that has drawn harsh criticism. "[T]here are concerns that the proposed rule may prove to be potentially more disruptive than they realized," Mr. Baer states in the piece.